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Government steps up action on tax avoidance

Though the timing is rather politically convenient, bringing welcome news for Liberal Democrats just ahead of the tuition fees vote, the substance of today’s news on tax avoidance is very welcome.

Two steps are being taken immediately with another three to follow and, crucially, a study into introducing a General Anti-Avoidance Rule (GAAR) has also been commissioned.

This review will be carried out by Graham Aaronson QC and consider whether “it could deter and counter tax avoidance, whilst providing certainty, retaining a tax regime that is attractive to businesses, and minimising costs for businesses and HMRC”.

The two immediate steps are:

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Recent Comments

  • Matt (Bristol)
    Oops, Richard Cripps not Roger Billins....
  • Matt (Bristol)
    Oh, and Roger Billins, I no longer see the party as a party of consensus, certainly not democratically derived negotiated consensus. Maybe the party of a consen...
  • Matt (Bristol)
    I don't think the Lib Dem problem is a lack of zippy slogans. I think, if anything, its a prioritisation of zippy slogans. Neither Badenoch or Burnham seem to h...
  • Graham Jeffs
    The point made by Roger Billins is extremely worrying. I, too, am part of this brigade. The reality is that the party leaders don't seem to have any concern ...
  • Big Tall Tim
    Mick Taylor has it spot on....